$620,000
SOLD MAR 27, 2018

8701 Midnight Pass Rd Unit 506A Sarasota, FL 34242

2 Beds
2 Baths
1,546 Sq Ft
$650/mo HOA Fee

Recently Sold

$401 Per Sq Ft

7% Below List Price

87 Days on Market

Highlights

  • Waterfront Community
  • White Water Ocean Views
  • Dock Does Not Have A Water Supply
  • Phillippi Shores Elementary School Rated A
  • Community Boat Slip
  • Access To Intracoastal Waterway

About This Home

As of April 2024

Turtle Bay is one of Siesta Keys finest complexes perfectly situated on the Bayside. Encompassing both Gulf and Bay views this 2 bedroom, 2 bath, 5th floor has been totally renovated with the finest quality. Kitchen w/Italian glass knobs and decorative glass door accents, stainless appliances, granite counters, tile backsplash, separate desk area and breakfast bar. Large neutral tile throughout subtle hues of “Celery” walls, crown moldings, plantation shutters, Hunter Douglas automatic blinds. A large master suite w/dbl. vanity’s and granite counters, large walk in shower with decorative glass doors and large walk in closet. A second bedroom w/plantation shutters, 2nd bath with tile and glass mosaic accent and versatile sink. A separate laundry room. The living room/dining room offers plenty of space for entertaining, including the balcony that has been enclosed. This unit is impeccably maintained and shows like a model. Sold Turn Key furnished with only a few exclusions. The amenities include boat docks ($300 per year), fishing pier, pool & spa, grill area, tennis, shuffleboard, newly renovated recreation building w/on site Mgmt. and a one car garage. There is private beach access. Come enjoy this premier Resort Style Living at its Best!

Last Agent to Sell the Property

Lorraine Neal

MICHAEL SAUNDERS & COMPANY License #0623948 Listed on: 12/08/2017

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Lorraine Neal

MICHAEL SAUNDERS & COMPANY License #0623948 Listed on: 12/08/2017

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,056

Year Built

  • Built in 1980

Lot Details

  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Zero Lot Line
  • Condo Land Included

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Property Views

  • White Water Ocean
  • Intracoastal
  • Pool

Home Design

  • Custom Home
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,546 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Ventilation

Outdoor Features

  • Heated In Ground Pool
  • Access To Intracoastal Waterway
  • Fishing Pier
  • No Fixed Bridges
  • First Come-First Served Dock
  • Dock Does Not Have A Water Supply
  • Dock Has No Access To Electricity
  • Dock made with wood
  • Open Dock
  • Outdoor Storage

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0129083034

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • 82 Units
  • On Site Mgr: Lynn Schooley 941 735 4478 Association
  • High-Rise Condominium
  • Turtle Bay Community
  • Turtle Bay Sec 2 Subdivision
  • The community has rules related to building or community restrictions, deed restrictions, vehicle restrictions
  • Rental Restrictions
  • 6-Story Property

Recreation

  • Community Boat Slip
  • Waterfront Community
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,056

Year Built

Built in 1980

Lot Details

0

HOA Fees

$650 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1546
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1546
  • Directions to Property: South Bridge to Siesta Key, go left on Midnight Pass Road to Turtle Bay on left.
  • Status: Sold
  • Floor Number: 5
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Property Description: High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.95532
  • Price per Sq Ft: 401.03
  • Close to Original List Price Ratio: 0.93233
  • Ratio: Current Price\Building Area Total: 401.03
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 6
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 8701
  • Room Count: 7
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors, Storage
  • Roof: Built-Up
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: Intracoastal
  • Waterfront: No
  • Water View: Bay/Harbor - Full, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Access: Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges, Dock - Open, Dock - Slip 1st Come, Dock - Wood, Dock w/o Electric, Dock w/o Water Supply, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0207F
  • Additional Water Information: Private deeded beach access thru Tortuga
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Meter
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Pool, Special Community Restrictions, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Elevator(s), Vehicle Restrictions
  • Association Fee: 1950
  • Association Fee Frequency: Quarterly
  • Association Name: On Site Mgr: Lynn Schooley 941-735-4478
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: Yes
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7800
  • Monthly HOA Fee: 650
  • Total Monthly Fees: 650

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0129083034
  • Additional Parcels: No
  • Lot Features: Sidewalk, Zero Lot Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Indoor Air Qlty: Ventilation

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 3 Months
  • Approval Process: On Site Mgr: Lynn Schooley 941-735-4478
  • Num Timesper Year: 4
  • Pet Restrictions: Under 30 lbs.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 3 Month Minimum

Multi Family

  • Number Of Units Total: 82

Tax Info

  • Tax Annual Amount: 5056
  • Tax Book Number: 1457-1810
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Apr 30, 2024
Sold by
Flis Raymond S and Flis Carol E
Bought by
Beverly J Young Revocable Trust and Young
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Linda Stowe
MICHAEL SAUNDERS & COMPANY
List Price
$835,000
Sold Price
$815,000
Premium/Discount to List
-$20,000
-2.4%
Views
19
Current Estimated Value
$712,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,951
Avg. Annual Appreciation
-8.83%

Purchase Details

Listed on
Dec 8, 2017
Closed on
Mar 27, 2018
Sold by
Scherrer Martin G and Scherrer Joyce I
Bought by
Fils Raymond S and Fils Carol E
Seller's Agent
Lorraine Neal
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Lorraine Neal
MICHAEL SAUNDERS & COMPANY
List Price
$665,000
Sold Price
$620,000
Premium/Discount to List
-$45,000
-6.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%

Purchase Details

Closed on
Oct 24, 2017
Sold by
Scherrer Martin G and Scherrer Joyce L
Bought by
The Martin G Scherrer And Joyce L Scheer

Purchase Details

Closed on
Aug 16, 2001
Sold by
Kehoe David J
Bought by
Scherrer Martin G and Scherrer Joyce I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.19%

Purchase Details

Closed on
Mar 29, 2000
Sold by
Zarraby Mansur and Zarraby Shahla
Bought by
Kehoe David J
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $815,000 Msc Title
Warranty Deed $620,000 Msc Title Inc
Interfamily Deed Transfer -- Attorney
Warranty Deed $420,000 --
Warranty Deed $260,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2024 04/30/24 Sold $815,000 -2.4% $527 / Sq Ft View Prior Sale
02/23/2024 02/23/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $835,000 +34.7% $540 / Sq Ft
03/27/2018 03/27/18 Sold $620,000 -4.5% $401 / Sq Ft
03/06/2018 03/06/18 Pending -- -- --
02/06/2018 02/06/18 Price Changed $649,000 -2.4% $420 / Sq Ft
12/08/2017 12/08/17 For Sale $665,000 -- $430 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,805 $624,505 -- --
2023 $7,805 $682,800 $0 $682,800
2022 $7,201 $625,600 $0 $625,600
2021 $6,180 $469,200 $0 $469,200
2020 $6,407 $478,200 $0 $478,200
2019 $6,518 $491,300 $0 $491,300
2018 $5,062 $375,200 $0 $375,200
2017 $5,056 $358,930 $0 $0
2016 $4,613 $326,300 $0 $326,300
2015 $4,664 $321,500 $0 $321,500
2014 $4,908 $307,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4203970

Stellar MLS

APN: 0129-08-3034